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Used Car Loans in Somnath
Looking to own a car in Somnath without breaking the bank? Shriram Finance's Used Car Loans in Somnath offer a smart solution. We provide convenient financing for pre-owned vehicles, with interest rates starting from just 10%* p.a. You can finance up to 85%* of your chosen car's value, making ownership more attainable. Our straightforward online application promises quick approvals, minimising stress and paperwork.
Used Car Loan Types in Somnath
To meet the diverse needs of customers, Shriram Finance provides distinct Used Car Loan options:
Pre-Owned Car Loan
Car Refinancing (Loan Against Car)
Features and Benefits of Used Car Loans in Somnath
Competitive Interest Rates
Adaptable Repayment Schedules
Significant Funding
Timely Payment Reminders
Streamlined Digital Application
Refinancing Options
Dedicated Customer Support
Customised Loan Solutions
Used Car Loan Interest Rates in Somnath
Shriram Finance in Somnath provides Used Car Loans with interest rates beginning at 10%* p.a., offering affordable and accessible financing options. Our structured rates support manageable repayment schedules, making pre-owned car ownership economically feasible.
| Type of Fees | Applicable Charges |
|---|---|
| Interest Rate | Starting from 10%* p.a. |
| Processing Fees | up to 5%* |
| Foreclosure Charges | up to 4%* |
| Loan Tenure | up to 48 months |
Use our pre-owned car loan EMI calculator to estimate your interest obligations and EMIs, helping you plan your finances effectively.
How to Use the Used Car Loan EMI Calculator
To effectively use the used car loan calculator, input your desired loan amount and repayment period. The calculator will swiftly calculate your estimated monthly EMI, enabling you to adjust your financial planning accordingly. It's a straightforward resource that shows how changes in loan amounts and repayment terms affect your monthly payments, helping you identify the most suitable option for your budget.
STEP 01
Required Loan Amount
STEP 02
Interest Rate
Min 10%
Max 42%
STEP 03
Min 18 months
Max 48 months
Loan Summary
Loan
Loan Amount
₹ 1,00,000
Interest Payable
₹ 8,103
Monthly EMI
₹ 6,006
Car Refinancing in Somnath
Shriram provides enticing car refinancing options in Somnath, allowing you to leverage the value of your vehicle for immediate financial support without having to sell it. This service converts your vehicle equity into cash that can be extremely useful in managing different financial requirements. Our refinancing solutions come with competitive interest rates and flexible repayment structures, ensuring that you can easily manage your finances while retaining ownership of your car. This is especially advantageous for individuals who fully own their vehicles and are looking for quick access to funds.
Eligibility and Documentation Criteria for Used Car Loans in Somnath
To assess your used car loan eligibility online, you'll need to meet these essential criteria. These documents may vary based on the applicant's profile and the loan amount.
Eligibility Criteria:- Age: Applicant must be between 21*-59* years at loan maturity.
- Residency: All Indian residents.
- Income: These will vary depending on the specifics of the vehicle, its age, and the chosen repayment timeline.
Required Documents:- The essential documents required include:
- KYC Documents: Proof of identity and address.
- Income Proof: Salary slips for salaried individuals, income tax returns (ITR) for self-employed.
- Bank Statements: Recent bank statements may be required.
- Vehicle Documents: Registration certificate and insurance details of the used car.
Step-by-Step Application Process for Used Car Loans in Somnath
Apply for a Used Car Loan is simple; follow these steps:
Step 1
Visit the Shriram Finance website and register using your mobile number.Step 2
Verify the OTP sent to your mobile number to proceed.Step 3
Provide your personal information such as name, address, and contact details.Step 4
Once your application is submitted, a representative will connect with you to process your loan further.
Our Used Car Loan Branches in Somnath
In Somnath, Shriram Finance maintains branches, all focused on delivering exceptional customer service. Notable locations are:
Locate Us
Used Car Loan Customer Care in Somnath
Shriram Finance in Somnath offers outstanding customer care for Pre-owned Car Loan inquiries. Reach out to us by phone or visit our branch for personalised support. Our customer care professionals are always available to provide clarity and address any questions you may have.
Used Car Loan Status in Somnath
In Somnath, checking your Used Car Loan status with Shriram Finance is easy. Log into your account on our website, navigate to the 'Loan Status' page, and enter your application or loan account details. Alternatively, you can contact our customer service team or visit a nearby branch for more information. We are dedicated to keeping you updated at every stage of the loan process.
Used Car Loan in Major Cities in India
Used Car Loan FAQs
Can I get a Used Car Loan in Somnath?
Yes, you can get a Used Car Loan in Somnath from us. We offer adaptable and convenient financing options for pre-owned vehicles.
What are the eligibility criteria for a Used Car Loan in Somnath?
To be eligible for a Used Car Loan, you must be an Indian resident, at least 21* years old, and not more than 59* years old at loan maturity. The income requirement varies based on the vehicle model, age, and repayment tenure.
What is the interest rate on a Used Car Loan?
The interest rate for our Used Car Loans starts at 10%* p.a. but the exact rate may vary based on individual factors.
What documents are required for a Used Car Loan in Somnath?
Required documents include an application form, registration certificate of the vehicle, KYC documents, income proof, and bank statements. The exact list may vary based on your profile and loan amount.
What is the processing fee for a Used Car Loan?
The processing fee for a Used Car Loan is up to 5%* of the loan amount.
What is the down payment required for a Used Car Loan in Somnath?
We offer financing of up to 85%* of the vehicle's value, which means you need to pay a down payment covering the remaining 15%*.
Can I apply for a Used Car Loan online in Somnath?
Yes, you can apply for a Used Car Loan online through the Shriram Finance website or Shriram One mobile app in a few easy steps.
What is the maximum loan amount I can get for a used car in Somnath?
The maximum loan amount for a Used Car Loan is up to 85%* of the vehicle's value, with a minimum loan amount starting from ₹1 lakh*.
Disclaimer
The information provided in this guide is for educational purposes only and should not be considered financial advice. Always consult with a financial advisor before making investment decisions related to fixed deposits or any other financial products.